Table of Content
Executive Summary.….…….3
Advantage India…..….……..4
Market Overview and Trends.……..6
Strategies Adopted….……..13
Growth Drivers and Opportunities…..……15
Industry Associations.......…26
Useful Information.......……..28
For updated information, please visit Services3
TheservicessectorofIndiaremainstheengineofgrowthforIndia’seconomyandcontributed55.65percent
ofIndia’sGrossValueAddedatcurrentpriceinQ12018-19.
Atcurrentprices,thesectorisestimatedtogrowby12.79percentyear-on-yearinQ12018-19.
IndiahadnetserviceexportsofUS$18.7billioninQ12018-19(P).
Asof2017,33percentofIndia’semployedpopulationwasworkingintheservicessector.
EXECUTIVE SUMMARY
Key Driver of Economic
Growth
AlargepoolofskilledITmanpowerhasmadeIndiaintoaglobaloutsourcinghub.Itnowcommandsa55per
centshareintheglobalsourcingmarket.
Further,Indiaisthedigitalcapabilitieshuboftheworldwithpresenceof75percentofglobaldigitaltalent.
Global Technology Hub
Thegovernment’smovetolaunch‘StartupIndia’aimstocreateaninclusiveecosystemforentrepreneurs
andpushforinnovation.Servicesareabigpartofthissystem.Thetechnologyinfrastructurerequiredfor
suchanecosystemhasincreasedthepotentialforthesectorinIndia.
Lowsetupcostsmakethissectoranattractiveinvestmentdestination
Indiaalsohasreasonablywelldevelopedfinancialmarkets.
AllthesefactorsmakeIndianservicessectoranattractiveecosystemforboththeentrepreneursandthe
investors.
Attractive Ecosystem
Source:Economic Survey of India, DIPP, MOSPI, RBI
Note: Q1 2018-19 –April-June 2018, P -Provisional
Services
ADVANTAGE INDIA。